Question

PLEASE HELP ME OUT!!!!!: William’s inheritance from his great uncle came to $225,000 after taxes. If William invests this money in a savings account at 7.3% interest, how much will he earn from the account each year? (8th grade math)

Answer 1

start with the initial amount 225,000 times interest which is 1+.073 because it is an appreciation. Then you need to give an exponent to the interest for years. will look like.... \[225,000(1.073)^{n}\] where n is years

Answer 2

These problems will always have this form. Interest to the power of years times the initial amount. same can be done for depreciation

Answer 3

Thanks